The job market boom is over. Here’s why and what it means

(Image: Getty)

Mon, 11 Sep 2023

By Sarah Chaney and Rosie EttenheimThe pandemic-driven hiring frenzy is ending. For months after the end of covid-19 restrictions, employers faced widespread labour shortages as the economy quickly rebounded. Businesses tried to lure workers with bigger wages and signing bonuses. Help-wanted signs lined main streets.Now, companies are hiring more slowly and reducing job postings as higher interest rates weigh on economic demand. More workers, including women, immigrants and Americans with disabilities, are flowing into the labour force, he...

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